222 Chestnut St NEKalkaskaMI49646
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Kalkaska at 222 Chestnut St NE, Kalkaska, MI, 49646 priced at $282,000 converts $1,871/mo rent into $12/mo cash flow after a $1,380/mo obligation. Total monthly income equals $1,871/mo, and annual cash flow totals $139/yr on $93,483 invested. Return on cash invested prints 20.06% in year one, and rental yield reads 7.96% against a $282,000 entry. Equity gained on principal adds $1,820/yr, while 5% annual appreciation compiles into $77,911 by year five. Five-year ROI reaches 104.17% and total cumulative return in cash sums $97,381. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,871/mo property income covering a $1,380/mo payment, not borrower’s personal income.
Manufactured
Built in 2000
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49646, Kalkaska, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,598 (100%) |
| Owner Occupied HU | 3,048 (54.4%) |
| Renter Occupied HU | 636 (11.4%) |
| Vacant Housing Units | 1,914 (34.2%) |
| Median Home Value | $179,590 |
| Average Home Value | $218,947 |
Housing Distribution
Address Breakdown
Residential
3,820
Single Family
3,577
Multi-Family
243
Businesses
351
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